Chapter 16 Saved Help Save & Exit Submit Check my work 5 Required information The following information applies to the questions displayed below.] MWC Corp. is currently in the sixth year of its existence (2017). In 2012-2016, it reported the following income and Part 2 of 3 (losses) (before net operating loss carryovers or carrybacks) points 2012:S (72,500) 2013: (33,500) 2014: 32,000 2015: 172,500 2016: (36, 000) 2017: 547,500 Skipped eBook Print References b. If MWC does not elect to forgo any NOL carrybacks, what is its 2017 taxable income after the NOL deduction? Taxable income Mc Prev 5 6 of 16 Next